Micro Cap Growth Companies That Pay A Dividend
As a full time micro cap investor I’m always attracted to growth companies that also pay a meaningful dividend. Growth is what drives a stock price, but dividends provide at the very least a perceived floor as long as the company is fundamentally sound. In uncertain times investors look for certainty or companies that literally put cash back in your pocket. Here are three micro cap growth stocks that pay a meaningful dividend.
The Cash Store ( CSFS ), $8.70 PPS, $150 million market cap, 5.4% Dividend Yield: The Cash Store is a leading provider of alternative financial products and services in Canada with a growing presence in the U.K. It acts as a broker to facilitate short-term advances and provide other financial services. The company provides various alternative financial products, including payday loans, signature loans, check cashing, injury loans, prepaid MasterCards, money transfer services, prepaid phone cards, title loans, payment protection plans, and various bank accounts. The company has grown its branches from 100 in 2004, to 400 in 2009, and as of Sept 2011, the company owned/operated 574 branches in Canada a 8 in the U.K. Total Loans Brokered have grown from $70 million in 2004 to $836m in 2011. The company also owns an 18% interest in The Cash Store Australia (AUC.v) which operates 81 branches in Australia, and a 15% ownership stake in RTF Financial Holdings (a text message lending platform). In the LTM from 06/30/2011 the company had revenues of C$196 million with adjusted EBITDA of C$54 million. In Canada the company plans to add 30 new branches per year from today's 8 total branches. New U.K. branches take 3 months to breakeven. In Australia (through its partner), the company expects to expand to 300 branches by 2014 (currently has 81 branches total). The Cash Store is a good growth story with a strong dividend yield of over 5%. [Company Presentation]
TESSCO Technologies ( TESS ), $14 PPS, $109m market cap, 4.
payday loans canada - News
FlexCredit and 12-monthloans.co.uk are trading names for PDB UK Ltd. PDB stands for Pay Day Bank, which also has operations in Australia, Canada and the US. Pounds to Pocket is part of Chicago-based Enova Financial Ltd which in turn is part of the Cash
In Canada, however, certainly has entered the regulatory space as the major provinces have all locked in permissible rates. There will be no more questions surrounding the legality or fees on payday loans in Canada. These rates average almost $23 per
Headquartered in Overland Park, Kansas, QC Holdings, Inc. is a leading provider of short-term loans in the United States and Canada. In the United States, QC offers various products, including payday, installment and title loans, check cashing,
The company provides various alternative financial products, including payday loans, signature loans, check cashing, injury loans, prepaid MasterCards, money transfer services, prepaid phone cards, title loans, payment protection plans,
The representative told Badger she had to wire $1200 as collateral to the lender in Canada. After she sent the money, Casa Loan called back saying before it could give her the loan, she would have to send $500 more for Canadian taxes.
Payday Loans Scandals
There are many reasons that you should never take out a payday loan (sometimes called a cash advance), including the high interest rates that make it financially irresponsible. Now, however, there are even more reasons to avoid getting a payday loan in Canada because of the high number of lawsuits against these loan companies.
Payday loan companies are notorious for disguising the amount of interest they charge consumers; they hide it in various fees. These fees often add up to more than the interest itself. In Canada, it is illegal to lend money with more than 60% interest. Sixty percent seems like an exorbitantly high interest rate in and of itself, but when you look at the fact that companies manage to charge more than this interest rate, the figures become positively alarming.
Not A Payday LoanThere have been numerous lawsuits filed against payday loan companies. In Canada, Bill McNally of McNally, Cuming, and Raymaker filed a suit in Calgary claiming that payday loan companies charged clients illegally high interest rates. The payday loan company Instaloan chose to settle with McNally: people who think they are eligible claimants may contact McNally to discuss getting their money back. The government established that these payday loan companies, while only allegedly charging 59% interest were actually charging 650% interest ( not compounded) when you included all of the fees. Instaloan has set aside more than one million dollars to repay borrowers from the past eight years in Alberta, Saskatchewan, Manitoba, and Ontario.
Windsor, Ontario lawyer Harvey Strosberg of Struts, Strosberg LLP filed a lawsuit against MoneyMart, a major name in Canadian cash advances. Toronto lawyers Koskie Minsky and Paliare Roland have also joined in this motion. Although the lawsuit began in 2004, there is continuing litigation. Justice Hoy, the judge overseeing this case, has ordered that the certification hearing be in October 2006. This lawsuit accuses Money Mart of violating the 60% legal interest cap.
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